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Reso 2014-2282
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Reso 2014-2282
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Last modified
1/8/2015 3:01:47 PM
Creation date
9/22/2014 11:31:29 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2014-2282
Date (mm/dd/yyyy)
09/18/2014
Description
PGIT for Commercial Package Policy, Workers’ Comp & Misc. Ins. for FY 2014/15.
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Attachment number 1 <br />WINDSTORM & HAIL DEDUCTIBLE SAMPLE ILLUSTRATION <br />FLAT DEDUCTIBLE vs. PERCENTAGE Windstorm and Hail Deductible <br />This deductible would apply to a claim for damage caused by windstorm. <br />Building Replacement Cost Flat Ded. 2% Ded. 3% Ded. 5% Ded. <br />Bldg #1 - $1,000,000 <br />$5,000 <br />$20,000 <br />$30,000 <br />$50,000 <br />Bldg #2 - $2,000,000 <br />Bldg #3 - $3,000,000 <br />$5,000 <br />$5,000 <br />$40,000 <br />$60,000 <br />$60,000 <br />$90,000 <br />$100,000 <br />$150,000 <br />Bldg #4 - $4,0009000 <br />$5,000 <br />$80,000 <br />$120,000 <br />$200,000 <br />TOTALS: <br />Value -$10,000,000 <br />$20,000 <br />1 $200,000 <br />$300,000 <br />$500,000 <br />Percentage wind deductibles are calculated as a percentage of the total replacement value. <br />The deductible for all other perils applies to an "occurrence ", not per building. <br />Agenda Item No. l0A <br />12 119 <br />
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